FedEx CFO Graf retires, Lenz takes over

- A Monitor Report16 Mar, 2020 | 1416 Views|-+
Memphis : Alan Graf, Chief Financial Officer of FedEx is to retire at the end of the year.

Mike Lenz, Corporate Vice President and Treasurer of the company will take over the CFO role in September while Graf stays on as Executive Vice President and Senior Adviser until the year-end.

Graf has been at FedEx for 40 years, becoming the corporation's CFO in 1998.

"Alan has helped build and transform this company," said Fred Smith, Chief Executive Officer, FedEx.

"He has been part of every significant decision and helped navigate tremendous growth, strategic investments, international acquisitions and global challenges. FedEx would not be the USD 69 bn globally admired corporation it is today without his leadership."

Lenz, meanwhile, has been at FedEx since 2005, initially as Vice President, Finance of FedEx Office. Prior to that he worked at American Airlines.

Lenz will be succeeded by Bert Napier, current Regional President of Europe and Chief Executive of TNT.

He, in turn, will be replaced by Karen Reddington, Regional President of FedEx Express Asia Pacific. Kawal Preet, Senior Vice President of North and South Pacific will take on Reddington's role.

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